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https://doi.org/10.1080/1331677X.2019.1583587

Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis

Maja Pervan   ORCID icon orcid.org/0000-0001-6895-5258 ; Faculty of Economics, University of Split, Split, Croatia
Ivica Pervan   ORCID icon orcid.org/0000-0003-1987-7702 ; Faculty of Economics, University of Split, Split, Croatia
Marijana Ćurak   ORCID icon orcid.org/0000-0003-3427-7051 ; Faculty of Economics, University of Split, Split, Croatia

Puni tekst: engleski, pdf (1 MB) str. 968-981 preuzimanja: 87* citiraj
APA 6th Edition
Pervan, M., Pervan, I. i Ćurak, M. (2019). Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis. Economic research - Ekonomska istraživanja, 32 (1), 968-981. https://doi.org/10.1080/1331677X.2019.1583587
MLA 8th Edition
Pervan, Maja, et al. "Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 968-981. https://doi.org/10.1080/1331677X.2019.1583587. Citirano 04.04.2020.
Chicago 17th Edition
Pervan, Maja, Ivica Pervan i Marijana Ćurak. "Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 968-981. https://doi.org/10.1080/1331677X.2019.1583587
Harvard
Pervan, M., Pervan, I., i Ćurak, M. (2019). 'Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis', Economic research - Ekonomska istraživanja, 32(1), str. 968-981. https://doi.org/10.1080/1331677X.2019.1583587
Vancouver
Pervan M, Pervan I, Ćurak M. Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 04.04.2020.];32(1):968-981. https://doi.org/10.1080/1331677X.2019.1583587
IEEE
M. Pervan, I. Pervan i M. Ćurak, "Determinants of firm profitability in the Croatian manufacturing industry: evidence from dynamic panel analysis", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 968-981, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1583587

Sažetak
Given that the goal of this study was to examine the influence of different factors on a firm’s profitability, we designed a model with three categories of profitability determinants: firm-specific, industry-specific and macroeconomic. The analysis was performed on 9359 firms operating in the Croatian manufacturing industry during the 2006–2015 period. Since the designed model was formulated in a way that encompasses the dynamic aspect of profitability, the General Method of Moments (G.M.M.) dynamic panel estimator was applied. Formulation of such a model adds to the existing literature if one takes into account that a dynamic analysis of the drivers of profitability has not been done using data from the Croatian manufacturing sector. The results of the conducted analysis revealed that a firm’s age, labour cost and industry concentration, as well as G.D.P. growth and inflation, have significant influence on a firm’s profitability

Ključne riječi
Firm profitability; manufacturing industry; Croatia; panel data analysis

Hrčak ID: 228740

URI
https://hrcak.srce.hr/228740

Posjeta: 152 *